Scs Upholstery Share Discussion Threads

[grigor] 14/5/2008 11:35

First furniture company to go under?

[pictureframe] 14/5/2008 08:28

Still Waiting - 14 May'08 - 08:22 - 329 of 330


have they paid off suppliers to make the company more appealing as a takeover target.


Prob to make the official receivers job easier lol

[cockneyrebel] 14/5/2008 08:24

Honey I shrunk the cash! :-)

Where are you Frauddy? have you sold at a massive loss?

CR

[still waiting] 14/5/2008 08:22

have they paid off suppliers to make the company more appealing as a takeover target.

Can't see them raising much cash in this market without current shareholders being wiped out completely.

LAN is in similar trouble.

[pictureframe] 14/5/2008 08:16

SW - I dont think they can UNLESS there is a massive rights issue, the way they burn cash they will need to raise at least £30 million which will almost wipe out existing shareholders

[still waiting] 14/5/2008 08:15

how they gonna make the june rent demands?

seems a bit silly to pay all the suppliers off IMHO.

[pictureframe] 14/5/2008 08:12

So at the end of Jan this year they had £14 million in cash

"Cash and cash equivalents 14,965 "

Now £4 million - do the math , in fact I think nearer 2 months cash left , this is dire imho

[still waiting] 14/5/2008 08:08

Too many sofa retailers in the market with too little demand, which one will go first?

[pictureframe] 14/5/2008 08:06

wow where has the cash gone ! Now only 4 million, that will last them less tham 4 months imho - rights issue on way me thinks

[cockneyrebel] 01/5/2008 10:38

Where's Frauddy? He has plenty of time to troll me on other threads but nowt to say about LAN's statement today I see.

Not looking too good here today Frauddy.

CR

[barn owl] 28/4/2008 14:51

Looking perky today!
Good luck all.

[still waiting] 24/4/2008 12:28

LAN going down the sh*tter to, it's a race to the "U" bend!!!

[cockneyrebel] 24/4/2008 11:23

Decided to dump have you Frauddy? Smart move imo - I'm out too.

CR

[cockneyrebel] 20/4/2008 17:21

yep, but DFS seems to be running all the time.

Pure punt here Arthur imo, but I'm you have to have the odd punt rather than investment for the thrill of the white knuckle ride :-)

CR

[cockneyrebel] 20/4/2008 16:29

I see DFS are still running their half price sale ads on the TV

CR

[cockneyrebel] 10/4/2008 11:54

You buying Frauddy? L2 orderbook looks very strong on the buy side today.

CR

[cockneyrebel] 08/4/2008 14:57

Hot to trot today Frauddy :-)

Timing me old sun :-) Use the charts, don't guess!

CR

[cockneyrebel] 07/4/2008 18:50

Frauddy, I'm a buyer, not sure why you're a bit touchy?

I just feel these turn here - my reply was to Arthur LF.

I know you don't take much note of charts as you love catching falling knives but the chart on Friday gave a buy signal and today the breakout confirms it imo.

Is the guy who owns Stancroft out to get these and Land of Leather to merge with his holding in both? I'd have thought there could be some good cost savings for both co's if they do. I bet both manufacturing centres aren't busy. Get rid of one and move all production to the other. Make some of the larger stores shared premisis and close the poor performers that are close to each other.

CR

[ydderf] 07/4/2008 18:00

Crookney, if you have 500k of them, a penny rise (or fall) means £5,000...my average cost is 99p, am i bovverred?

[cockneyrebel] 07/4/2008 11:34

That's a chart breakout Arthur.

CR

[cockneyrebel] 07/4/2008 11:32

ok, that's not what my nosing around suggests - if these are not here in 2009 I'll pay to have your left nut sewed back on :-)

CR

[arthur_lame_stocks] 04/4/2008 14:09

But if is here in 2009 i'll buy some.